India, Aug. 26 -- Treasuries moved mostly higher during trading on Tuesday, largely offsetting the modest pullback seen in the previous session.
Short-term treasuries moved steadily higher for much of the day and were eventually joined in positive territory by ten-year notes. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, dipped 1.7 basis points to 4.258 percent.
Thirty-year bonds bucked the upward trend, however, with the thirty-year yield closing off its highs of the session but still up by 2.1 basis points at 4.909 percent.
The strength among short-term treasuries came as traders bet President Donald Trump's interference with the Federal Reserve will lead to lower interest rates in the near ...